Local Silver Gold Dealers in Northwest Territories, Canada
Northwest Territories is one of Canada’s 13 provinces and territories. With a population of over forty thousand Canadian citizens, Northwest Territories is but one of Canada's three northern federal territories (the other two are the Nunavut and the Yukon).
The capital of Northwest Territories is Yellowknife with a metropolitan population of some 20,000 residents.
If you arrived on our website because you are thinking about either buying or selling precious metals within Canada, it is important to know that some physical precious metals are sales taxed while some bullion items are fully sales tax exempt. When either buying or selling from a local Canadian or online bullion dealer like Kitco Metals the following laws apply within the nation of Canada.
Canadian Precious Metal Sales Tax Laws
According to the Canada Revenue Agency website:
Gold and platinum bars, coins, ingots, wafers, and rounds with a purity of .995 or more are exempt from sales taxes (GST & HST). For example items like .9999 fine Canadian Gold Maple leaf coins and Platinum Maple Leaf coins are not sales taxed when either buying or selling them locally in Canada or online to Kitco Metals.
Silver bars, coins, wafers, and rounds with a purity of .999 or more are also exempt from sales tax (GST & HST). For example items like .9999 fine Canadian Silver Bullion Bars are both exempt from HST/GST sales taxes when either buying or selling them to a Canadian silver bullion dealer.
Other precious metal items of lesser silver, gold, and platinum purities as well as all palladium and rhodium bullion items are not exempt from GST / HST sales taxes. For example either an 18k gold necklace or a sterling silverware set sold for scrap would both constitute sales taxable transactions (see section #34).
Northwest Territories Precious Metal Sales Tax Rates
It is important for bullion buyers and sellers to know Canadian sales tax information regarding the types of products they are thinking of buying or selling. Choosing the wrong products can be sales tax prohibitive and detrimental to an investment’s overall profitability.
If you want to acquire more troy ounces for your currency, we suggest you buy low premium bullion items (made of fine .995+ gold or platinum and .999+ silver) from trusted local or online dealers like Kitco Metals.
Gold and Silver Dealers in Northwest Territories
To find trusted local gold coin shops and silver bullion dealers in Northwest Territories with high ratings and large volumes of positive online customer testimonials is not very easy. We set up this local Canadian gold dealer directory to help people find local Canadian bullion dealers who offer good prices and fair reputable services.
Whether you want to know where to buy gold in Northwest Territories, where to buy silver in Northwest Territories, where to sell gold in Northwest Territories, or where to sell silver in Northwest Territories, our local silver and gold Canadian guide is a good place to begin your research.
Given our bullion business' economies of scale and that we are direct Authorized Purchasers of government bullion mint products (not mere retailers, but direct high volume wholesalers) we are often able to offer better prices than competing local gold dealers in both small and large Canadian cities.
For an overview with more information on other local Canadian bullion dealers, click here.
Before you leave, be sure to also get our 100% FREE Guide to Buying & Selling Bullion.